icns gippsland neighbour lko new appoint, page-4

Bliss, you say that everyone in ICN is focused on Halifax-1 as if that was a bad thing, and that they "might miss an opportunity" with Gippsland.

Bliss, Ray James has just given a 21 page presentation, probably to brokers. A very significant event for the company which could lead to some nice Broker recommendations. We have already seen some clients of 3 high profile brokers in Pattersons, Hartleys and Shaw start buying, coincidentally, just around the presentation time??!! Surprise.

Now of that 21 pages, there were 6 devoted to disclaimers and other "advertising of the company" that one must have for these presentations. Leaving 15 for the "guts" of the presentation, selling ICN best assets to these people.

There were THIRTEEN pages on Cooper Basin shale gas and 855, particularly Halifax-1.

There was ONE page on 626.

There was NEARLY ONE one page on Gippsland, with the highlight being the nearology to LKO's Wombat, which said that the area is highly prospective for gas and independent estimates are for a Total Gas In Place of 1.7Bscf!!! and it could be months before we are able to even scratch the surface with that moratorium and obtaining consent from the indigenous owners!!

Bliss, you do realize that in 855, of which Halifax-1 is just one well, that they are estimating that "there is no reason why 855 will not replicate 218. And what is that Total Gas In Place? 300TCF, yes, 300TCF and Icon owns 40% of that PLUS 33.3% of the shallower Post Permian section of 218!!!. Puts gippsland into perspective doesn't it?

So, Bliss, with that incomparable difference between 855 and Gippsland, and with Halifax-1 to have flow testing within days, do you wonder why nobody really is interested in Gippsland and that evryone is so focused in Halifax-1?

Gippsland will be a nice little earner, at best, all going well. Halifax-1 "could" be THE company maker that we have all waited nearly 20 years for.

And, frankly, you know what you can do with Gina Reinhart(show me just ONE mine that SHE has developed) and Alexander Downer. Alexander Downer, a miserably failed politician!!!!???? Come on Bliss, get real and enjoy Halifax-1. If that comes good, they will probably GIVE Gippsland to LKO and make Gina even richer.